Underneath the impressive market rally is a trend that doesn't seem quite right, according to J.P. Morgan.Marketsread more
Tesla is working on new battery cell designs, and a way to make their own cells, with R&D teams in a lab near its car plant in Fremont, California.Technologyread more
Something unusual is happening in financial markets and it could mean more gains lie ahead for stocks, if history is any indication.Marketsread more
Ten 2020 Democratic presidential candidates will take the debate stage Wednesday at the Adrienne Arsht Center for the Performing Arts in Miami.2020 Electionsread more
The Federal Reserve and the market are miles apart on interest rate expectations, and the disparity could cost the stock market a 7%-10% drop, economists say.Economyread more
JP Morgan's Jamie Dimon says student lending "is a disgrace and it's hurting America."Economyread more
Online home goods retailer Wayfair sold roughly 1,600 mattresses and 100 bunk beds to Baptist Child and Family Services, a nonprofit that works as a federal contractor...Retailread more
The Senate will try to reconcile its emergency border aid plan with one passed by Nancy Pelosi and House Democrats.Politicsread more
During the foreclosure crisis, investors transformed the single-family home rental market into a formally managed asset class. Now they want new homes.Real Estateread more
Bitcoin topped the $13,000 level Wednesday, rallying to its highest price since January 2018.Bitcoinread more
Lenders including J.P. Morgan Chase and Bank of America are widely expected to increase dividends this week.Financeread more
Facebook's pivot away from news will pay off in the long run, according to Wall Street analysts.
The company announced on Thursday a major change to its newsfeed. CEO Mark Zuckerberg said the internet giant will start prioritizing "meaningful social interactions" versus "relevant content," and that he expects the time people spend on the social network will go down as a result.
Facebook shares dropped 4.5 percent Friday following the news.
But on Tuesday, they were up nearly 1 percent after Needham reaffirmed its buy rating for the social media giant, predicting strong financial results this year.
"We are positive about these changes because we believe they will be economically neutral and they lower the risk that FB gets regulated," analyst Laura Martin wrote in a note to clients. "By pivoting away from publishers (ie, news), FB immediately lowers its perceived power to spread 'fake news,' which lowers the risk of government intervention. We expect FB's ad price to rise as time spent and/or ad units fall."
Martin reiterated her $215 price target for Facebook shares, representing 20 percent upside to Friday's close.
The analyst downplayed Zuckerberg's warning that the changes may lead to less user time spent on the internet service. She said the company has made repeated warnings in the past 18 months over growth.
"Selling FB's shares on this worry proved to be a mistake in 2017," she wrote. "What FB's financial performance has demonstrated so far is that as FB's ad inventory shrinks, its prices at auction become more robust, nearly frenetic."
GBH Insights' Daniel Ives is also confident Facebook will be able to raise its pricing after the changes.
"We see minimal negative financial implications from this move for Zuckerberg & Co in 2018. … Limited ad inventory will ultimately help drive up pricing power and more than offset decreased ad load," he wrote in a note Monday. "We continue to believe this was the right strategic move at the right time for Facebook."
Ives reaffirmed his "highly attractive" rating and $225 price target for Facebook shares.